Kelvin Grove is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4059). With a population of 7,909, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $87K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Kelvin Grove is $1.3 million, having grown strongly 5.9% over the past year. Units have a median price of $535,000 (+13.9% YoY). The current median weekly rent is $439. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,000.
Kelvin Grove is served by 3 schools, including 1 secondary, 2 combined. The average ICSEA score is 1140, which is well above the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Kelvin Grove offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.1M). The price-to-income ratio of 15.0x is considered stretched. House prices have moved +5.9% year-on-year.
Kelvin Grove is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4059). With a population of 7,909, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $87K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Kelvin Grove is $1.3 million, having grown strongly 5.9% over the past year. Units have a median price of $535,000 (+13.9% YoY). The current median weekly rent is $439. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,000.
Kelvin Grove is served by 3 schools, including 1 secondary, 2 combined. The average ICSEA score is 1140, which is well above the national average of 1,000. Public transport access includes 1 rail station, 26 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Kelvin Grove offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.1M). The price-to-income ratio of 15.0x is considered stretched. House prices have moved +5.9% year-on-year.